Learn More about CDFI's and Small Business Resources in Tennessee see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
Affordable Housing Resources, Inc.
Appalachian Fund for Growth II, LLC
Chattanooga Neighborhood Enterprise, Inc.
Church Koinonia Federal Credit Union
First State Development Corp.
Nashville Housing Fund, Inc.
Pinnacle Community Development, Inc.
TMA Development Corporation
United Housing, Inc.
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.
Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.